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Accounting clerk lead vs accounts payable lead

The differences between accounting clerks lead and accounts payable leads can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an accounting clerk lead and an accounts payable lead. Additionally, an accounting clerk lead has an average salary of $70,816, which is higher than the $57,175 average annual salary of an accounts payable lead.

The top three skills for an accounting clerk lead include general ledger, HR and GAAP. The most important skills for an accounts payable lead are FAA, purchase orders, and vendor invoices.

Accounting clerk lead vs accounts payable lead overview

Accounting Clerk LeadAccounts Payable Lead
Yearly salary$70,816$57,175
Hourly rate$34.05$27.49
Growth rate-5%-5%
Number of jobs100,88631,041
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 51%
Average age5151
Years of experience66

What does an accounting clerk lead do?

Accounting Clerk Leads are professionals who are responsible for leading a team of junior-level clerks to maintain a record of a wide range of financial transactions for an organization. These clerks are required to settle and update general ledger accounts by reviewing the month-end process. They are required to develop and implement accounting policies and procedures by following the generally accepted accounting principles (GAAP) to ensure external financial statements and internal management reports. Accounting clerk leads must also coordinate all accounting activities related to internal controls.

What does an accounts payable lead do?

Accounts payable leads are accounting professionals who are responsible for leading a team of professionals that manage the company's accounts payable, a short-term debt payment that needs to be paid to avoid default. These professionals are required to evaluate vendor invoices and prepare payments to pay vendors while preparing the daily expense reports. They must create the general ledger at the end of the month to reconcile closing balances. Accounts payable leads must also assist purchasing agents in resolving vendor or customer issues that pertained to inaccurate information on purchase orders.

Accounting clerk lead vs accounts payable lead salary

Accounting clerks lead and accounts payable leads have different pay scales, as shown below.

Accounting Clerk LeadAccounts Payable Lead
Average salary$70,816$57,175
Salary rangeBetween $42,000 And $118,000Between $41,000 And $79,000
Highest paying CitySan Francisco, CANew York, NY
Highest paying stateCaliforniaNew York
Best paying companySquareNV Energy
Best paying industryManufacturingTechnology

Differences between accounting clerk lead and accounts payable lead education

There are a few differences between an accounting clerk lead and an accounts payable lead in terms of educational background:

Accounting Clerk LeadAccounts Payable Lead
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 51%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting clerk lead vs accounts payable lead demographics

Here are the differences between accounting clerks lead' and accounts payable leads' demographics:

Accounting Clerk LeadAccounts Payable Lead
Average age5151
Gender ratioMale, 26.1% Female, 73.9%Male, 28.7% Female, 71.3%
Race ratioBlack or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.6% Asian, 6.6% White, 67.4% American Indian and Alaska Native, 0.6%Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between accounting clerk lead and accounts payable lead duties and responsibilities

Accounting clerk lead example responsibilities.

  • Manage weekly, monthly, and quarterly accruals and SOX reporting.
  • Lead the conversion to new trading software that enhance cash management and treasury reporting.
  • Prepare monthly trust experience reports, including reconciliations of trust contributions and disbursements.
  • Prepare adjusting journal entries, reconcile general accounts, and conduct bank reconciliations.
  • Conduct internal control testing and provide controllership operating framework data metrics for SOX compliance.
  • Establish feasibility of payroll function consolidation from individual facilities to single location, resulting in reduction of headcount and cost savings.
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Accounts payable lead example responsibilities.

  • Manage weekly payment scheduling to expedite and efficiently meet vendor payment deadlines; including check run dates, wires and ACH.
  • Manage payroll transactions utilizing ADP payroll software.
  • Process check runs: set payments within the system, verify accuracy, and print checks launch ACH payments.
  • Assist in the implementation of new ERP system by testing and providing information need to meet the accounts payable processes.
  • Process invoices, check requests, employee reimbursements, and credit memos and ensure compliance with SOX documentation and approval guidelines.
  • Transmit monthly payroll information for bank reconciliation.
  • Show more

Accounting clerk lead vs accounts payable lead skills

Common accounting clerk lead skills
  • General Ledger, 13%
  • HR, 13%
  • GAAP, 9%
  • Reconciliations, 9%
  • Invoice, 5%
  • Internal Controls, 5%
Common accounts payable lead skills
  • FAA, 7%
  • Purchase Orders, 7%
  • Vendor Invoices, 6%
  • Reconciliations, 6%
  • Data Entry, 5%
  • ACH, 5%

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